MyiQ.Ai
vs
iKapture
MyiQ.Ai
MyiQ.Ai stands as a leading invoice automation platform that leverages the strengths of machine learning to redefine efficiency in invoice processing. By meticulously training models, refining data pre-processing, and ensuring seamless integration with existing ERP systems, the software eradicates manual data entry, time-consuming validation, and error-prone tasks.
The platform's homegrown ML and AI engine propels businesses towards automation, achieving impressive outcomes such as 99% uptime, 95% accuracy, and processing capacities of over a thousand invoices per minute, while tapping into massive cost reductions of up to 60%.
The software's advanced AP Automation capabilities ensure effortless integration, immediate workflow optimization, and precise accuracy, meeting compliance standards with ease. It's not just about reducing errors; it's about scaling with your business needs, providing real-time insights, and delivering customer support that ensures your continued success.
With MyiQ.Ai, experience rapid implementation of Plug and Play functionality, robust reporting, and a flexible API library that complements a range of ERP systems such as SAP, Oracle, MS Dynamics, and more. Your path to secure, optimized, and compliant invoice automation starts here.
iKapture
iKapture is an accounts payable automation platform that leverages Artificial Intelligence (AI), Machine Learning (ML), Natural Language Processing (NLP), and human intelligence to streamline invoice processing. It operates in a no-code environment, making it accessible and easy to integrate with existing ERP systems via API.
The platform offers a comprehensive solution for automating accounts payable, from document collection and classification to invoice matching and fraud detection. iKapture centralizes governance and prioritizes stringent security providing authentication methods.
MyiQ.Ai
Pricing
iKapture
Pricing
MyiQ.Ai
Features
- Plug and Play Functionality: Eliminates complex setup requirements for ease of integration
- Machine Learning Engine: Uses AI and deep learning algorithms for increased efficiency and accuracy
- Seamless ERP Integration: Compatible with various industry-leading ERP systems
- Flexible API Library: Provides APIs for easy data exchange and application integration
- Enhanced Data Security: Ensures sensitive information is securely stored and protected
- Real-time Visibility and Reporting: Offers insights for data-driven decision-making
iKapture
Features
- Smart Access: Automated document collection and classification from multiple sources (PDFs, JPGs, PNGs).
- Document Classification: AI/ML-driven classification of various invoice types (tax, credit, commercial, legal).
- Role Based Access: Controlled access for different user roles (AP user, Manager, Finance Head).
- Authentication: Secure access with SSO and MFA for external users.
- Matching: Automated 2-way and 3-way invoice matching with purchase orders and goods receipt notes.
- non - PO: Processing for non-purchase order invoices.
- 360-Degree Visibility: Centralized invoice tracking, communication, and activity monitoring.
- Durusta – A Conversational BOT: AI-powered digital assistant for data retrieval.
- Fraud Detection: Rule-based and AI/ML-based techniques to identify fraudulent invoices.
- Supplier Segmentation: Categorization of suppliers for improved relationship management and risk assessment.
MyiQ.Ai
Use cases
- Streamlining accounts payable workflows
- Automating invoice data entry and validation
- Enhancing compliance and error handling in invoicing
- Improving operational efficiency in financial departments
- Scaling business processes with growing invoice loads
iKapture
Use cases
- Automating invoice data entry and processing
- Improving accuracy in accounts payable
- Reducing invoice processing time and costs
- Enhancing supplier relationships through timely payments
- Detecting and preventing invoice fraud
- Streamlining accounts payable workflows
- Integrating accounts payable data with ERP systems
- Gaining real-time insights into accounts payable performance
MyiQ.Ai
Uptime Monitor
Average Uptime
0%
Average Response Time
0 ms
Last 30 Days
iKapture
Uptime Monitor
Average Uptime
99.63%
Average Response Time
1794.13 ms
Last 30 Days
MyiQ.Ai
iKapture
